Former Geomagic CFO, Steve Carnevale will now serve as Chief Operating Officer for StepLeader, bringing more than 27 years of experience in financial management, business analysis, strategic planning and operational controls.

No stranger to life at a startup and venture-backed companies, Steve served as CFO for five years at Geomagic, a venture backed 3D software company, sold to 3D Systems in February 2013. He rounds out his experience from other high-tech industries including software, semiconductors, consumer products and home networking.

StepLeader CEO Brian Handly states “I am thrilled with such a fantastic addition to our team. In addition to Steve’s strong leadership capabilities, he brings a wealth of experience in technology, fundraising, mergers & acquisition, and making businesses run better, faster, smarter.”

Steve himself offers “I had the good fortune to first meet Brian years ago while he was growing another venture backed company. I came away extremely impressed. I am now excited to join StepLeader and make an impact in the very fast growing and constantly evolving mobile app and ad sector. StepLeader’s team and technology is well situated and respected. I look forward to working with the team and our investors to further drive our success.”

Steve started his career in public accounting after graduating from Northeastern University with a BS in Business Administration and later earned his MBA from University of North Carolina’s Kenan-Flagler Business School.

Press Relations Contact

The River Cities team brings an excellent external perspective and network to our company. They are a perfect example of the value-added investor, an organization who provides experience, thoughts and assistance when asked but never forced. They offer a dialog based upon candor and integrity, delivered without the extra work, distraction or dissonance that can accompany an external investor.

— Stephen Wiehe, President & CEO, SciQuest, Inc.

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It is very difficult to discover current and insightful best management practices from other technology companies our size. River Cities is very good about gathering and sharing that information in meaningful ways among their portfolio companies.

— Intradiem

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River Cities was able to recognize our opportunity earlier than their competitors, run an efficient due diligence process that did not impact our ability to focus on our business while bringing in investment partners that improved all our chances of success. In my book, Rivers Cities, is the definition of a true partner that added much more than financing to our company.

— Jim Pearson, CEO, Suros Surgical

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River Cities is the perfect partner for Trax. Their funding, industry knowledge and thought leadership in the world of business-to-business SaaS will help us accelerate our growth and expand our offerings to a broader base of customers.

— Scott Nelson, President & CEO, Trax Technologies

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River Cities continually challenges us to be our best. Since their investment in Simbionix a little over one year ago, they have consistently articulated wise business sense and counsel, which is highly appreciated. On the one hand, River Cities has challenged management to grow aggressively; while on the other hand they have worked with management to bring a disciplined, level-headed process towards moving the company to the next level. They have consistently demonstrated the right balance of support and trust, without interfering in the management of day-to-day operations. They have shown patience, and a keen over-the-horizon "big picture" strategic view, which transcends tactical issues. When we need River Cities they are always present with concrete and substantive support.

— Gary Zamler, CEO, Simbionix USA Corporation

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River Cities demonstrated significant leadership for the Company's investor syndicate. They rolled up their sleeves and dug into the details, which enabled us to make good decisions based on facts and practical assumptions. Their grounded approach to identifying opportunities and overcoming challenges served management and the investors well.

— Mike Nazzaro, President, Nielson BuzzMetrics

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What makes River Cities a trusted and valued partner is their strategic guidance and support of management during the inevitable difficult periods. In my estimation this separates a good investor from a great one.

— Rob Morocco, CEO, OrthoScan, Inc.

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River Cities has been a valuable partner to Univa UD. In addition to providing financial and business advice, River Cities has utilized their experience and contacts within our industry to help move our business forward. They have introduced us to key executives at customers, strategic partners and other Industry experts who has proved invaluable to our business. River Cities has also provided us with important strategic and operational input that has aided us in building a leadership position in our fast growing market.

— Univa UD

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As a significant investor in our company, River Cities has proven to be a very valuable partner. They not only provided the capital, but also a unique blend of professional assistance and consultation especially as our marketing and sales strategies changed over the years. They also added a personal touch to the partnership.

— Bill Blakey, CEO, Electronic Data Resources

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River Cities has been extremely supportive - not only with their investment, but with their coaching on almost every aspect of our business. Put another way, River Cities Capital Funds represents a tremendous resource that comes in a very user-friendly package.

— Phil Gilmour, CEO, EVault, Inc.

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River Cities has been an invaluable partner to the management team and the total MedPlast investor syndicate. They have been a rock and a stabilizing force through some very rough and uncertain times. Their years of seasoned experience in business and finance have allowed the management team to focus on what's important in the short term without sacrificing the investment thesis. I can't imagine navigating through one of the most challenging business climates in modern US history without River Cities.

— Harold Faig, CEO, MedPlast Inc.

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They invested during an uncertain time for the Company and our country, just months after 9/11. River Cities believed in what we were building, they believed in the management team, and they were willing to take risks, providing sound advice and asking thoughtful, tough questions. I highly recommend the River Cities team.

— Brian Hand, CEO, CrossMedia Services, Inc.

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ABOUT RIVER CITIES CAPITAL FUNDS

River Cities Capital Funds is one of the most active and experienced growth equity funds in healthcare and information technology. With over $500 million raised to date and more than 100 investments made, we have established ourselves as a preferred partner among the entrepreneurial and private equity communities.